Nokian Tyres Plc (NKRKY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon from Helsinki and welcome to Nokian Thaieus Q1 2025 results webcast and conference call. My name is Anu Kangaria and I'm working at Nokian Thaieus Investor Relations. Together with me in this call I have our President and CEO Paolo Pompei and our CFO Niko Haavisto. As usual, Paolo and Niko will present the results, and after that, there will be time for the questions. Without further due, Paolo, please go ahead. Good afternoon all from my side. I'm Paolo Pompei, I'm the President and CEO, and I will guide you through our Quarter 1 Interim Report this afternoon. I start from page one. The headline is strong sales growth in all regions, actions accelerated to improve financial performance. Moving to slide number two, the agenda of this today call will be the financial performance in quarter one. We will go through the numbers of the business unit. There will be some reflections from my side and at the end, we will also address the situation of the tariff in North America, as well as the guidance for 2025. Moving to slide number three, Quarter one financial performance. Let's move to slide number four. We had strong sales growth in quarter one. This is continuing our journey and strong sales growth that we had also in quarter four and quarter three last year. This was succeeded in all market and all region. Our Romanian factory is proceeding according to plan. We were starting to deliver tyres already at the end of March. We had an extremely good performance in a declining market for the heavy tyre division and obviously we are not fully satisfied actually with the financial performance and we have accelerated actions to improve our financial performance in the next quarters. The tariff, of course, are causing some disturbances and some uncertainties in N...